Climate change: Renewable energy to meet over 70 percent of China’s additional power needs in next three years, says IEA
2022 Energy Predictions: Coal Decline Accelerates, Federal Funds Spur Clean Energy, Millions Of New Electric Vehicles And Chargers
China to remain renewable energy leader with strong capacity growth in 2022, despite subsidies phase-out
Driven by stronger policy support and ambitious climate targets announced during the COP26 climate talks in November, global renewable electricity capacity is forecast to increase by more than 60 per cent between 2020 and 2026, reaching more than 4,800GW. The addition of exceptionally high capacity will become the “new normal” in 2022, with renewables accounting for 90 per cent of new power capacity expansion, according to IEA.